Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
Nov - 2026 -
06 November
Todd Maiden

PS Logistics expands Tennessee flatbed presence with Roane acquisition

PS Logistics has expanded its flatbed network by acquiring Roane Transportation Services and its more than 170 drivers.

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04 November
Todd Maiden

Higher shipment weights help ArcBest beat Q3 expectations

Increased shipment weights fueled higher overall tonnage and revenue per shipment at ArcBest’s less-than-truckload division during the third quarter, allowing the carrier to surpass analysts’ expectations.

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03 November
Todd Maiden

Peak season inventory surge bolsters TL carriers’ double-digit rate ask

The October Logistics Managers’ Index showed a big jump in inventories ahead of the holiday buying season, providing an added tailwind for truckload carriers, some of which have already entered a new bid season.

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02 November
Todd Maiden

Pamt Corp. reports Q3 net loss, books 109.1% truckload OR

Truckload carrier Pamt Corp. lost money again during the third quarter, pointing to elevated driver procurement costs and a spike in diesel fuel prices as the main culprits, echoing similar challenges across the industry.

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Todd Maiden

October’s 55.5 manufacturing PMI beats expectations

In line with recent demand commentary from public less-than-truckload carriers expressing cautious optimism, U.S. manufacturing grew for its 10th straight month in October.

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Oct - 2026 -
30 October
Todd Maiden

Schneider partners with Norfolk Southern; raises outlook despite Q3 miss

Alongside its slightly worse-than-expected third-quarter report on Thursday, Schneider National announced a deal to utilize Norfolk Southern’s rail network in the East.

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29 October
Todd Maiden

FedEx Freight sees volumes stabilize, eyes Q4 margin improvement

FedEx Freight reported Thursday that volumes continue to stabilize, and it anticipates stronger operating leverage next year, bolstered by business wins and an improved freight mix from its dedicated sales teams.

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Todd Maiden

Saia’s expanded terminal network delivers record revenue, tonnage

Less-than-truckload carrier Saia achieved record revenue and tonnage in the third quarter by leveraging its expanded terminal network, with operational focus now shifting toward optimizing performance at these new locations.

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Todd Maiden

XPO’s pricing, operating initiatives drive Q3 beat

Driven by higher volumes and stronger pricing, XPO once again exceeded expectations as these factors continue to amplify the impact of its operational efficiency initiatives.

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28 October
Todd Maiden

Old Dominion’s tonnage turns positive; recovery needs demand inflection

Old Dominion reported positive tonnage growth in September for the first time in more than two years, but company executives emphasized that returning to upcycle-level performance likely requires a wider recovery in demand, which relies on easing energy costs.

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Todd Maiden

Forward Air saves ‘significant portion’ of major customer account

Forward Air has finalized a two-year deal to preserve a major share of the business from a contract logistics customer it had earlier warned it could lose.

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27 October
Todd Maiden

Insurance claims adjustments tank Landstar’s otherwise strong Q3

Despite insurance claims activity clouding an otherwise strong third-quarter result, truckload broker Landstar System highlighted favorable demand for its dry van and flatbed offerings on Tuesday, driven by tight capacity and data center buildouts.

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Todd Maiden

Werner Enterprises sees cost headwinds lingering into Q1

Werner Enterprises outlined a path back to mid-cycle margins on a Tuesday evening call, but noted cost headwinds—some transitory and some growth-related—could linger into the first quarter.

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23 October
Todd Maiden

Roadrunner announces Canada-outbound service

Less-than-truckload carrier Roadrunner announced a new outbound Canada-to-U.S. service on Friday, alongside a 5.9% general rate increase taking effect on Nov. 2.

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Todd Maiden

Cost pressures sink Marten Transport’s Q3

Shares of refrigerated carrier Marten Transport dropped 7% in midday trading on Friday after a disappointing third-quarter report, which noted that rising fuel and health insurance costs dragged down performance despite improving supply-demand fundamentals.

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22 October
Todd Maiden

Knight-Swift again eyes big rate increases as new bid season nears

Knight-Swift Transportation’s large exposure to the one-way truckload market has it in position to capture double-digit rate increases as its new bid season kicks off next month.

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21 October
Todd Maiden

First look: Knight-Swift’s Q3 beats expectations

Knight-Swift Transportation beat third-quarter expectations and issued a fourth-quarter outlook that was in line with the consensus estimate.

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20 October
Todd Maiden

Heartland Express sees earnings turnaround in Q3

For the first time since 2023, truckload carrier Heartland Express achieved a net profit that was not driven by large gains from selling equipment and terminals.

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Todd Maiden

Freight broker Fura’s latest deal adds $30M in revenue

Freight broker Fura has acquired Road Dog Logistics, a truckload brokerage, expanding Fura’s platform with an estimated $30 million in additional revenue.

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19 October
Todd Maiden

Werner Enterprises issues Q3 profit warning

Werner Enterprises issued a negative third-quarter earnings preannouncement on Monday, citing higher fuel, driver and insurance claims costs as the culprits.

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